Kentucky Statutes 396.125 – Deduction of counterclaim
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In allowing a claim the personal representative may deduct any counterclaim which the estate has against the claimant. In determining a claim against an estate a court shall reduce the amount allowed by the amount of any counterclaims and, if the counterclaims exceed the claim, render a judgment against the claimant in the amount of the excess. A counterclaim, liquidated or unliquidated, may arise from a transaction other than that upon which the claim is based. A counterclaim may give rise to relief exceeding in amount or different in kind from that sought in the claim.
Effective: July 15, 1988
History: Created 1988 Ky. Acts ch. 90, sec. 18, effective July 15, 1988.
Effective: July 15, 1988
Terms Used In Kentucky Statutes 396.125
- Counterclaim: A claim that a defendant makes against a plaintiff.
History: Created 1988 Ky. Acts ch. 90, sec. 18, effective July 15, 1988.